December 5, 2008 2:36 pm Bush Acknowledges Recession President Bush publicly acknowledged the country is in a recession for the first time Friday. The President spoke after the worst jobs report in decades led some analysts to say the economy is in a freefall. US & World Videos 2:28 First Alert Forecast: Chilly temperatures 2:28 UCLA former police chief leaves university police department 0:23 LA extends ‘al fresco' program application deadline 0:43 Biden grants clemency to almost 1,500 offenders 1:09 Firehawk pilot on fighting the Franklin Fire in Malibu
